Important Tax Saving & Asset Protection Tips For Real Estate Investors Episode 1110
Every real estate investor needs to be thinking about two things: taxes and entity asset protection. Tommy Thornburgh from Prime Corporate Services joins me today to talk about both. I\u2019ve been working with Tommy and his company for years and recommend them to my students and clients \u2013 they\u2019re such a great resource for the community.
When you\u2019re new to real estate, you may have a ton of questions about taxes and how to structure your business to get the most benefits and protection. Tommy recommends getting everything set up at the very start before you start doing deals. Make sure you have a system in place to keep track of your expenses. Having a tax professional familiar with the real estate files for you ensures you don\u2019t miss any of the many deductions available to investors. The money you spend on these services almost always comes back in tax savings.
Visit www.joemccall.com/LLC to find out how you can set up your own LLC and get your taxes done with Tommy and his team.
What\u2019s Inside:
\u2014Why you should set up your LLC before you start making money.
\u2014Why working with a tax professional is better than filing on your own.
\u2014Deductions available to real estate investors.
\u2014The biggest mistakes investors make when structuring their entity.